Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $360.33, for a total transaction of $180,165.00. Following the sale, the director now directly owns 8,580 shares in the company, valued at approximately $3,091,631.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
ROP opened at $351.76 on Wednesday. Roper Technologies Inc has a 12-month low of $245.59 and a 12-month high of $385.51. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $37.50 billion, a PE ratio of 27.98, a P/E/G ratio of 2.52 and a beta of 1.14. The firm has a 50 day moving average of $344.86 and a two-hundred day moving average of $356.45.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Thursday, October 24th. The industrial products company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.19 by $0.10. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. Roper Technologies had a net margin of 21.58% and a return on equity of 16.46%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.09 EPS. As a group, analysts predict that Roper Technologies Inc will post 13 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Krane Funds Advisors LLC acquired a new position in shares of Roper Technologies in the 2nd quarter valued at $25,000. Captrust Financial Advisors raised its position in shares of Roper Technologies by 227.3% in the second quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 50 shares during the period. Coastal Investment Advisors Inc. acquired a new position in shares of Roper Technologies in the second quarter worth about $30,000. MUFG Americas Holdings Corp raised its position in shares of Roper Technologies by 83.0% in the second quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 44 shares during the period. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Roper Technologies during the 2nd quarter worth about $37,000. Institutional investors own 92.54% of the company’s stock.
ROP has been the subject of a number of research analyst reports. ValuEngine cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $291.00 to $298.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada set a $383.00 price objective on shares of Roper Technologies and gave the company a “buy” rating in a report on Friday, October 25th. Stephens set a $386.00 target price on Roper Technologies and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 target price for the company. in a research note on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $373.10.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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